The luxury e-commerce site IhaveU has announced that it has wrapped up B-round funding, though the full investment sum has not been revealed. The injection of investment was led by the CID Group and JAFCO Asia. IhaveU.com is one of a number of luxury B2C Chinese e-commerce sites that focus on couture brand clothing - along with other independent rivals such as The Luxury Club, as well as high-end fashion stores from web giants such as Sina (NASDAQ:SINA). IhaveU sells both men’s and women’s clothing and pricey accessories, from the likes ...
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Feb 6 2012
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Will 2012 Be a Tough Year for Chinese E-Commerce Sites?
2012 is still young, especially in China, where the new year doesn't really start until Spring Festival has wound to a close. And while the last few years have seen massive expansion in the e-commerce market and new companies springing up right and left, could 2012 be the year that sees that trend reverse? The China Business Journal thinks so. The paper ran a lengthy article today with predictions for 2012's e-commerce market. While e-commerce as a market is likely to continue to grow, that may not be enough to rescue ...
Feb 6 2012
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Amazon Launches Junglee.com for Indian Market
Last summer there were reports that Amazon (NASDAQ:AMZN) would be entering the Indian market in early 2012. This has turned out to indeed be the case, as this past week the company finally launched its online shopping website junglee.com to serve Indian consumers. Amazon says that the new web service will offer over 12 million products from 14,000 brands, and will allow customers to buy from retailers including “Homeshop18, UniverCell, Hidesign, Gitanjali, The Bombay Store, Fabindia, Bata India Limited, Dabur Uveda, Microsoft India Store, Reebok, and Amazon.com.” The Junglee website offers a ...
Feb 4 2012
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Moscow-Based Venture Fund Ru-Net to Invest USD50m in SEA Market
I had the privilege to have a chat with Alexander Pavlov, Investment Director for Moscow-Based Venture Fund Ru-Net, on the sidelines of our Startup Asia event. We chatted about Ru-Net’s plans to invest $50 million is the Southeast Asia (SEA) region. In a nutshell, Ru-Net is a Russian-based fund focused on investing in Internet and Information Technology (IT) industries. Some of the more successful companies that they have invested in include OZON.ru (often dubbed the “Amazon of Russia”), BigLion (Russia’s largest daily deals site) and ivi (an online video site). They ...
Jan 31 2012
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In Wine There’s Profit For a New Chinese E-Commerce Startup
In vino lucror. If it’s a truth that China’s growing middle-classes have a great taste for wine, then profit will surely follow. And so a Beijing-based startup has this month launched a nice-looking specialist B2C e-commerce site selling foreign wines. The site, Moooton, adds in daily deals and some useful search presets to make it accessible and reasonably affordable. Indeed, the wine selection on Moooton.com currently tops out at just over 1,000 RMB (US$158) for a Chateau Mont-Perat, so it’s a luxury offering that won’t break the bank. It squeezes in ...
Jan 30 2012
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Yokohama DeNA BayStars Uniforms Unveiled, Available on DeNA’s Own E-commerce Platform
After DeNA (TYO:2432) finally closed the deal on acquiring a majority stake in Japanese baseball team, the Yokohama DeNA BayStars, many people were curious as to how much exposure the mobile gaming giant would get in return for its investment. In addition to getting ‘DeNA’ inserted into the official team name, the team's new uniforms were just recently announced, which also integrate the DeNA company name. You can see the uniform design below, which still focuses on the ‘BayStars’ team name, with both ‘DeNA’ and ‘Yokohama’ emblazoned in smaller lettering along ...
Jan 30 2012
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International E-florist Startup is Making Over A Million $!
We often see vertical e-commerce sites popping up, specializing in things like bags, lingerie, or household products for example. But e-commerce startup, FlowerAdvisor.com, is going back to the basics by sells flowers online. And surprisingly it is an international venture with 24/7 service, partnering with thousands of local florists all around the world. It promises the customers that the flowers ordered will be delivered on the very same day, which is an impressive fact considering its geographic scope. Willy Thomas, the founder of FlowerAdvisor revealed that the company is functioning across 111 ...
Jan 25 2012
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Free Coupons a Big Business for Freecharge.in, Secures More Funding From Sequoia
The Indian startup Freecharge.in has announced this afternoon that its has secured funding worth Rs. 20 crores (US$4 million) from Sequoia Capital - the second time it has been given a cash boost by the same VC firm. Freecharge allows users in major cities in India to get free coupons - either by mail, or in the form of e-coupons - when they pay via the website to top-up their mobile, data, or TV credit accounts. It’s similar to the group-buying/daily deals model - as pioneered by the likes of Groupon ...
Jan 20 2012
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Meituan is China’s King of the Deals, Ending 2011 On a High
The Chinese group-buying site Meituan has ended 2011 as the market leader in this highly competitive sector in the month of December. And so if we look back at the previous year, Meituan can be crowned the daily deals king in China by a tiny fraction from its main rival, Lashou. These stats come from the group buy aggregator and analytics company, Dataotuan. For the December figures it looked at 125 deals sites across 345 cities. Last month saw the further rise of 55Tuan, rising to be second in terms of market ...
Jan 19 2012
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A Traveler’s Around-the-World Journey into E-commerce
About a week ago I received an unusual message from a friend of a friend, some guy named Thibaud Clément who was apparently coming to Japan in order to find out more about e-commerce here. It certainly seemed like a long way to travel for a research project, so I was curious to meet up and hear more about what I thought sounded like a pretty strange plan. When I met Thibaud in here in Tokyo yesterday, I found that his travel plan was acually far greater in scope that ...
Jan 18 2012
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Redmart Co-Founder: Foundation First, One Step At A Time
We recently wrote about Redmart.com, a one-stop shop to purchase non-perishables in Singapore, which attracted investment from Skype co-counder and angel investor Toivo Annus. The site makes shopping for household goods a lot easier, especially for busy bees who do not have private transport to help bring bulky items home. I love the idea of cutting out the middleman retailers (which Redmart does), but more importantly, I appreciate the efforts and thought processes put forth by the co-founders running this business. At a glance, Redmart looks like an aggregator of most ...
Jan 16 2012
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E-Commerce Sites Bracing For 2-Week Shutdown as Chinese New Year Nears
Remember all that stuff about 750 billion RMB being spent online in China last year, and how Alipay sees 2.1 million RMB in transactions every 60 seconds? Well, all that pretty much comes to a standstill when it’s Chinese New Year, the most important of the annual festivals here. That’s because all the couriers - those low-paid, scooter-riding, traffic-weaving frontline soldiers of home deliveries - tend to be migrant workers who need longer than the mandated week-long holiday in order to travel back to their hometowns in other provinces. So even ...
Shanghai Boy Imitates Mobile Game, Jumps Off Five-Story Building
Feb 7, 2012
James Tong: How IDA and Gobi Ventures Help Startups Expand Into China
Feb 7, 2012
Thailand’s Ensogo Reflects on Success, Aspires to Expand in 2012
Feb 7, 2012
Jumpsurf Provides You With Cross-Border Mobile Wifi
Feb 6, 2012
FC2 Continues to Expand Web Services to Big Markets
Feb 7, 2012